Short Interest in BTC Digital Ltd. (NASDAQ:BTCT) Expands By 387.2%

BTC Digital Ltd. (NASDAQ:BTCT) was the recipient of a large increase in short interest in the month of January. As of January 31st, there was short interest totalling 667,000 shares, an increase of 387.2% from the January 15th total of 136,900 shares. Currently, 15.2% of the shares of the company are sold short. Based on an average daily volume of 5,520,000 shares, the short-interest ratio is presently 0.1 days.

BTC Digital Price Performance

Shares of NASDAQ BTCT opened at $5.13 on Thursday. BTC Digital has a 1 year low of $1.32 and a 1 year high of $26.58. The company’s fifty day moving average price is $6.28 and its 200 day moving average price is $4.88.

BTC Digital Company Profile

BTC Digital Ltd. a crypto asset technology company engages in bitcoin mining business. It is also involved in mining machines resale and rental business. The company was formerly known as Meten Holding Group Ltd. and changed its name to BTC Digital Ltd. in August 2023. The company was founded in 2006 and is headquartered in Shenzhen, China.